Daily Company News from ForexMart

[luisforexmart]

U.K. Public Expenditures are Expected to Slump £25bn on 2020
The weak economic growth would result to lower tax returns with increase in debts by £25bn predicted on 2019 to 2020 despite the cut rate has been successfully executed. The Chancellor of the Exchequer, Philip Hammond, said that he will focus to expend on new houses and mass transportation instead of concentrating on balancing the books by 2020.
The Institute for Fiscal Studies have two resolutions: to reduce taxes by increase spending to boost the economy and to set new fiscal targets. Various companies has lowered their growth forecast and increased their inflation targets since Brexit. There are still risks on hand with the uncertainty of the reaction in the economy and the direction of policies as described by the Organisation for Economic Co-operation and Development.

[luisforexmart]

Germany Factory Orders plummeted in the month of September
According to the Federal Statistical Office of Germany, there is a sudden downturn in the manufacturing orders in Germany subsequent on its two successive months of gains. The decline is the result of the loss of demand that comes from the countries within the eurozone. The estimated cutback is 0.6% mom during September, though expectations amounted to 0.3% while in August there is 0.9% of increase.
Orders from Germany had 1.1% drop and other Eurozone countries experienced 4.5% decrease. Meanwhile, third countries or states outside the euro area accomplished 2.5% increase.
The German industry expects that it would be much difficult for the commerce to recover considering the fact that average monthly increase of factory orders is 0.1% only.

[luisforexmart]

Oil Prices Surge after a Week-Long Slump as FBI Statement Increases Chances of Clinton Victory

Oil prices was able to experience a boost after seven days’ worth of falling oil prices due to widening market rally after the FBI statement on Clinton’s e-mails, cementing a large percentage of a Clinton victory in the upcoming US elections. Futures also bounced back after a week of disappointing prices, while global equity prices also increased and the USD regained its strength and is now ahead of other major currencies. The OPEC has also stated that it is currently in talks with Russia with regards to limiting the production of crude oil as a means to help the market regain its balance.

[luisforexmart]

ForexMart Signs Contract with HKM Zvolen

ForexMart officially announces a new partnership with HKM Zvolen.

The Forex broker is a rising name in the Forex industry having been in the spotlight recently for winning the “Best Newcomer Brokerage 2016” in the latest Global Business Outlook awards ceremony. Meanwhile, HKM Zvolen is a recognized hockey club in Slovakia famous for its rich history and for winning the Slovak league championship twice and the 2005 IIHF Continental Cup.

The said partnership implies to include joint campaigns, collaborative projects, and a sponsorship. The move of ForexMart to partner with a prominent sports team such as HKM Zvolen is believed to be a move to boost the company as a Forex brokerage and the hockey club as a team that excel in their respective industries. This new contract will integrate the activities and goals of ForexMart and HKM Zvolen to elevate each other’s brand.
The new partners are currently busy in their own fields with HKM Zvolen getting ready for a new hockey season while ForexMart is developing more promotions and introducing new features in its business.

ForexMart have expressed their plans to expand business by partnering with groups beyond the financial field. The Forex broker has already partnered with prominent names in sports including racing legend Rick Parfitt Jnr’s RPJ Racing and Union Deportiva Las Palmas team.

Visit ForexMart atwww.forexmart.com and HKM Zvolen athttp://hkmzvolen.tipsportextraliga.sk

[luisforexmart]

New account currencies available
Wed Nov 2 14:05:00 GMT 2016 |

Good news to all traders! There are new currencies that can now be used as base currencies. These are Malaysian Ringgit (MYR), Indonesian Rupiah (IDR), Thai Baht (THB) and Chinese Yuan (CNY).

You can also use these currencies to deposit/withdraw funds to your account and participate in trading. To make it more convenient for ForexMart’s clients, it can be paid directly without the need for conversion. You can visit our registration page to open an account with these new currencies.

[luisforexmart]

Old India 500 and 1000 Banknotes are to be Replaced

All 500 and 1,000 rupee bills are to be removed from the financial system on Tuesday overnight according to Indian Prime Minister, Narendra Modi. Banks will be closed on Wednesday including ATM machines.
This is unexpected and people are rushing to have a cash in hand in smaller denominations like 100 rupees for the succeeding days to come. It has been announced that they can exchange their old bills within the next 50 days or else is no longer valid.

This move is an attempt to put an end to poverty by eradicating corruption especially those labeled as “black money” that were acquired through corruption or tax evasion. Finance secretary Shaktikant Das cautions people that the government will keep track those who are stacking bulk of money when they exchange the old bill to new ones.

[luisforexmart]

U.S elections brought damages to the state according to foreign policy experts

An interview conducted by CNBC with the President of Eurasia Group, Ian Bremmer stated that even the election has ended, the damages can still be felt in the United States because the country’s international allies worries about global trade agreements. Even after the vote casting, allies would struggle and lack confidence. This caused other countries to doubt the businesses in the United States, regardless who among Trump or Clinton will acquire the victory.

Bremmer further stated his predicted outcome about the tendency that the power in the Middle East more likely will be given to Iran, Israel, Saudi Arabia and Turkey. While in Europe, the issue regarding Brexit will become more vague and undetermined as it will endure longer process. On the other hand, in the Asian continent, China is expected to fill the demand vacuum since it has the capacity to expand worldwide as well as to globally invest to infrastructure assets.

[luisforexmart]

Financial Markets Gunning for Biggest Moves Post-Brexit
The international financial market has been experiencing its biggest and most volatile movements ever since the Brexit referendum was released on June 2016 due to an unprecedented Trump victory in the US elections. Gold stocks have increased significantly and has now posted its biggest movement since Brexit, while 10-year US Treasury yields have weakened by up to 20 points, its biggest reversion since June. Meanwhile, S&P 500 futures decreased by more than 3% and VIX futures increased by a total of 4%.

[luisforexmart]

ConocoPhillips to sell gas assets worth $8 billion
The largest independent energy corporation, ConocoPhillips (COP.N) decided to sell their natural gas assets worth $8 billion and they also have plans of cutting 4% on their capital budget by next year. According to the company’s executives, the purpose of this cut back is to allocate funds for further operational improvements. The policy emphasized not only about the reduction of oil costs but it also highlighted the marked down of commodity prices which prevented the progress of Conoco for the past two years.


The planned disbursement for 2017 is allocated to shale productions which is associated with the United States and focuses on Europe and Alaska. Compared with the past decade of 28 nations that the company is serving, the focus for this year seems smaller, seeing the COP.N to manage within 14 locations only worldwide. The company’s estimated spending in 2017 production should be 1.54 million to 1.57 million of oil barrels each day.

[luisforexmart]

Emerging Markets Sell-Off Increases after Trump Victory
The sell-off in emerging markets exhibited an unexpected increase following concerns that developing economies around the world could possibly be hit by export drops and capital outflows once President-elect Trump assumes office. The Treasury market finished off the week with its worst outputs since 2009 prior to a US bank holiday on Friday. Donald Trump has previously outlined a more protectionist scheme and could introduce fiscal and economic stimulus which could prompt the Federal Reserve to increase the frequency of its interest rate hikes this coming 2017.

[luisforexmart]

Australia Should Scrap its Largest Bank Notes like India - UBS Group AG
UBS analysts are saying that Australia should also scrap its big bank notes and follow in India’s footsteps, since this would be ultimately beneficial for the Australian economy as well as for Australian banks. Some projected benefits would include increase in bank deposits and tax revenues, while decreasing the occurrence of crime and fraud. India had previously made a move to remove its large banknotes as part of its crackdown on the country’s black economy as well as to counter tax evasion. The European Central Bank also stated last February that the central bank was discussing on removing 500 EUR banknotes since these high-value bills were often touted to be used for criminal and illegal purposes.

[luisforexmart]

Higher volumes of exports boosted Japan's economy
The Japan's economy have seen greater improvement from the month of July until September due to a higher number of international trades. The country's GDP escalated to 2.2% within three months. Japan is greatly concern about the anti-free trade rhetoric supported by the newly-elect US President D. Trump since it is expected that this campaign would bother the Japanese region.
Subsequent to the results of the U.S elections, the yen curtailed versus the dollar. Hence, the country's good became cheaper in abroad, this brought positive talks for the foreign exporters. The world's third-largest economy accumulated a better-than- expected result of 0.5% while the forecast showed 0.2% only. However, some analysts who stated that the nation is relying much on exports and considered that these are windfalls only.

[luisforexmart]

U.S. Dollars Strengthens Unabatingly That May Lead to Inflation
Greenback continues to surge with the unexpected win of Trump that signals inflation to take place sometime in the future. It climbed as high as 99.247 on Monday during Asian session from 97 handle prior to election. His principles advocated during his campaign such as protectionism, changes in immigration, infrastructures and debt spending set inflation back to the market at the same time, this would cause the U.S. Dollars to further appreciate in value. The U.S. 10-year Treasury yield rose more than 2 percent from 1.80 percent before election. This surge is expected to continue with short-term trend moves up, it is anticipated for U.S. Dollars to get stronger.

[luisforexmart]

Chinese Industrial Production rose but retail sales slowed down
The economic activity of China was presumed to stabilize last month, however, retail sales fall off due to worries about the outlook of the US-China trade frictions under the administration of President Donald Trump. Moreover, the industrial sector performed a better-than-expected 6.1% growth in the month of October while the retail industry dropped an estimated 10% sales.
China’s fixed-asset investment further acquire 8.3% increase for the past 10 months of the present year, this result exceeded the expectation from January to October seeing the government allocated infrastructure expenditures in order to reinforce growth as shown in the official data on Monday.

[luisforexmart]

Economists Expect Increased Inflation Rates, Unemployment Surge Under Trump Presidency

A group of economists from Goldman Sachs Group Inc. are speculating that although a number of President-elect Donald Trump’s proposed policies could boost economic growth in the US, his other policies could possibly have a negative impact on the national economy in the long term. The group of economists came up with three possible scenarios during Trump’s presidency, the first one being a full implementation of all of Trump’s campaign platforms, the second one being an enactment of only Trump’s fiscal policies, and the third one being a hawkish Federal Reserve paired with restrictions of US immigration and trade policies.